UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 27, 2010
MANHATTAN BANCORP
(Exact name of registrant as specified in its charter)
California |
| 333-140448 |
| 20-5344927 |
(State or other jurisdiction of |
| (Commission File |
| (IRS Employer |
2141 Rosecrans Avenue, Suite 1160 El Segundo, California |
| 90245 |
(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: (310) 606-8000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))
Item 2.02 Results of Operations and Financial Condition
On November 1, 2010, Manhattan Bancorp (the “Company”) issued a press release in which it released its financial condition as of September 30, 2010. Also announced were the results of operations for the third quarter ended September 30, 2010. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished pursuant to Item 2.02 and Exhibit 99.1 of this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act, except as expressly stated by specific reference in such filing.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 27, 2010, Deepak Kumar ceased serving as President and Chief Executive Officer of the Company and its wholly-owned subsidiary, Bank of Manhattan, N.A. (the “Bank”). The Board of Directors of the Company and the Bank appointed Harry W. Chenoweth as interim Chief Executive Officer on October 27, 2010 while the Company and the Bank search for a permanent replacement. Mr. Chenoweth, 69, has served on the Board of Directors of the Company since 2006 and the Bank since its organization in 2007. Mr. Chenoweth has 32 years of direct commercial banking experience, most recently serving as interim Chief Executive Officer of the Company and the Bank from February 2010 to March 2010. He served as Executive Vice President and Manger of the Southern California Banking Group of Imperial Bank from 1996 to his retirement from banking in 2001, and in various capacities with Union Bank of California from 1969 to 1996. Mr. Chenoweth served as President and Chief Operating Officer of Barrister Executive Suites, LLC, a property management company offering full-service executive office space for short and long-term leases, from 2001 to 2004. During his service as interim Chief Executive Officer of the Company and the Bank, Mr. Chenoweth will be paid $150 per hour.
Item 7.01. Regulation FD Disclosure
On October 28, 2010, the Company issued a press release announcing the departure of Mr. Kumar as President and Chief Executive Officer, and the appointment of Mr. Chenoweth as interim Chief Executive Officer of the Company and the Bank. A copy of the press release is furnished as Exhibit 99.2 to this Current Report on Form 8-K. The information furnished pursuant to Item 7.01 and Exhibit 99.2 of this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act or the Exchange Act, except as expressly stated by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
| Description |
99.1 |
| Press Release dated November 1, 2010. |
99.2 |
| Press Release dated October 28, 2010. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MANHATTAN BANCORP | |
| (Registrant) | |
|
| |
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November 2, 2010 | By: | /s/ DEAN FLETCHER |
|
| Dean Fletcher |
|
| Executive Vice President |